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Dec 28, 2012
12/12
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president obama welcomes congressional leaders at the top of the hour. will come up with something to avoid automatic spending cuts? that go into effect in a couple days? rich edson is in washington d.c. with the latest. rich: it is a last-ditch attempt between top democrat and republican in the house and senate and the obama administration. aids describing a potential path forward, smaller compromise involving an extension of tax rates for income less than $500,000, extended unemployment benefits, measures to assure tens of millions of americans avoid the alternative minimum tax, other items, congress would figure the rest out next year under such a scenario but that is not an official proposal, a deal that aides say could have house and senate if democrat and republican leaders agreed to it. currently there is no agreement, just lawmakers assigning blame. >> millions of americans are out there struggling and certainly they deserve congress that will avoid going over the fiscal cliff. which is why the president has been working to bring the leaders toge
president obama welcomes congressional leaders at the top of the hour. will come up with something to avoid automatic spending cuts? that go into effect in a couple days? rich edson is in washington d.c. with the latest. rich: it is a last-ditch attempt between top democrat and republican in the house and senate and the obama administration. aids describing a potential path forward, smaller compromise involving an extension of tax rates for income less than $500,000, extended unemployment...
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Dec 27, 2012
12/12
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debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is this. the administration is winning the war of optics. if they played it this way, do they not win? >> they won the war of optics so far because everything has beene done. done inside closed walls.nd f if c-span, fox are able to videotape the negotiations, the kind of thing we're learning now about obama that i have no interest in cutting spending, just want tax increases. he has been lyin
debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise...
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Dec 27, 2012
12/12
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then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons
then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican...
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Dec 25, 2012
12/12
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the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk talk" is coming up so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. lou: you know, everybody's getting pretty excited about that fiscal cliff negotiation or impasse, however you want to3 style it. mayi want t showu, lou: everybody is getting re ofed about the fiscal clifft, negotiation. i thought i would show you what thuld happen if we change into the speaker boehner plan, the president obama plan, let's start out with the do-nothing plan because that's the plan we0 have right now. the cbo estimates fiscal year 2013 deficit will be, well,lionf $104 trillion f
the obama plan, to the speakersi boehner plan, it will either o alter the rising rate of spending were less than the science of our bloated government. the answer in tonight "chalk talk" is coming up so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run...
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Dec 29, 2012
12/12
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adam: we will. >> 5:45 president obama deliver as statement here at the white house. as far as spending cuts are concerned, you see this argument, you typically hear republicans say, government spending doesn't create jobs. however when it comes to a number of defense cuts when it hits in their districts a number of them, if it hits companies in their districts well you have to stop defense cuts using an economic argument. when you talk about the $94 billion, well, yes there are economic effects that will be felt, the $94 billion in cuts down as sequester, you have to put that in perspective the sandy supplemental bill started out $60 billion. one storm could wipe out all the savings or. adam: that sandy supplemental bill is 60 billion, 45 billion according to taxpayers for common sense is stimulus spending that doesn't involve the hurricane. dan, i will come back to you after we listen to sound bite from harry reid, senate majority leader commenting on the negotiations today. here is what he said. >> okay. we had a long meeting in the white house. it was very constru
adam: we will. >> 5:45 president obama deliver as statement here at the white house. as far as spending cuts are concerned, you see this argument, you typically hear republicans say, government spending doesn't create jobs. however when it comes to a number of defense cuts when it hits in their districts a number of them, if it hits companies in their districts well you have to stop defense cuts using an economic argument. when you talk about the $94 billion, well, yes there are economic...
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Dec 24, 2012
12/12
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president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue out there. a lot of projections are, if carbon is at $20 per ton of carbon, it could generate roughly a trillion dollars over the next ten years, of course, that figure of $20 would increase, but i think it's pretty tough for republicans to swallow another trillion dollars in revenue from a carbon tax, so i don't think it's very likely to get 60 votes in the senate or for speaker boehner from ohio which is a big coal producing area, which would be hit the hardest by a carbon tax, i don't think it's likely he would bring that up for a vote. david: here is another scenario though. the preside
president obama can't raise enough money through his tax plans to cover all the spending. that means he could resume other ways for the revenue to come in. will a carbon tax be among them? joining us now from the american action forum, sam, we know the president wants this thing. he tried desperately, even with democrats holding both houses of congress, however, he couldn't get it. will he try to pursue it in his first year of the second term? >> well, there's certainly a lot of revenue...
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Dec 28, 2012
12/12
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they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way going forward. >> wait for the first paycheck, it's going to be lower. >> see what happens monday morning, dying to see what happens this weekend. >> yeah, because they are meeting this weekend. >> oh, are they meeting? dagen, it's yours. >> when you are outraged, you sound authoritative. i sound like a crazy red neck. i need your help. putting the band back together, the president hosting party leaders at the white house trying to find middle ground on dealing with the coming tax increases and spending cuts. the damage done already to american business, uncertainty and looming tax burden has owners up in
they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way...
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Dec 31, 2012
12/12
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that level of increased spending has continued with president obama every year since 09. stuart: hold on a second. can we please roll the sound bite of president obama and a trillion dollars worth of cuts. go. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way in a balanced approach of spending cuts and tax increases on the wealthy while keeping middle class taxes low. stuart: i think that was from met the press. -- meet the press. david: yes, it was. stuart: the president specifically said i have cut the deficit by 1 trillion dollars. david: he said i cut spending by 1 trillion dollars. stuart: by 1 trillion dollars. is that true? david: not at all. i'm looking in my hand. these are the figures from the department of treasury. spending 09, 3 trillion 500 billion. 2010, 3 trillion 500 billion. 2011, 3 trillion 600 billion. 2012, 3 trillion 538 billion. he has not cut a trillion dollars. where are those cuts? we just heard kirsten s
that level of increased spending has continued with president obama every year since 09. stuart: hold on a second. can we please roll the sound bite of president obama and a trillion dollars worth of cuts. go. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way in a balanced approach of spending cuts and tax increases on the wealthy while keeping...